Friday, October 30, 2015

LANSCE “First Degree” performance failure?

Did performance failures associated with the near fatal electrical incident at LANSCE this year constitute a significant or “First Degree” performance failure with respect to the contract’s Environmental, Safety and Health terms and conditions? 

Compliments but....

A complimentary article on the CBT and Stockpile Stewardship:

http://thebulletin.org/new-push-comprehensive-nuclear-test-ban-treaty8830

But with this comment on NIF:

One would never have known that the cornerstone of stockpile stewardship, Lawrence Livermore’s National Ignition Facility, came in more than 300 percent over budget, five years behind schedule, and has still failed to achieve its promised goal of “ignition” (the point where more energy comes out of a fusion reaction than goes in).

The NNSA to contractor door keeps revolving

The NNSA to contractor door keeps revolving


http://www.nv.doe.gov/library/newsreleases/NSTec%20Names%20New%20President.pdf

LANL still having trouble with financial records

LANL still having trouble with financial records

RECOMMENDATIONS
We recommend that the Manager, Los Alamos Field Office, direct the Contracting Officer to:

1. Make a determination regarding the allowability of questioned costs identified in this report and recover those costs determined to be unallowable; and 

2. Ensure that LANS can determine the accurate and complete universe of insurance expenses. 

http://energy.gov/sites/prod/files/2015/10/f27/OAS-V-15-06.pdf

NM drivers licenses invalid for domestic air flights

Driver's licenses issued by New Mexico are about to become a lot less useful, and residents can blame the state's insistence on issuing the IDs to illegal immigrants. 

The federal Department of Homeland Security informed state officials last week that a two-year effort to reconcile tough federal ID requirements with the granting of licenses to illegal immigrants based on dubious documents failed. Beginning on Jan. 10, state driver’s licenses will no longer be accepted at federal facilities, and eventually, state IDs won’t be enough to get bearers on board commercial flights.

http://www.foxnews.com/politics/2015/10/29/grounded-new-mexico-driver-licenses-fail-feds-test-thanks-to-illegal-immigrant/?intcmp=hpbt3

Wednesday, October 28, 2015

TCP1 pensions with a lump sum

What do folks think about LLNS buying out ex-employee TCP1 pensions with a lump sum? I'm on the fence about what to do.
October 28, 2015 at 8:41 AM
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Anonymous Anonymous said...
"What do folks think about LLNS buying out ex-employee TCP1 pensions with a lump sum? I'm on the fence about what to do."

Please provide a link to the reference document on this TCP1 option.
October 28, 2015 at 8:54 AM
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Anonymous Anonymous said...
I have searched and there is no online information about this. It applies only to terminated vested plan participants, which according to the annual funding notice would be 384 people.

In the mail I received a 23 page packet:

It reads:

"Lawrence Livermore National Security LLC (LLNS) recently announced a limited-time program that allows you to receive the value of your vested pension benefit right away - either as a lump sum payment or a monthly annuity payment - if you act before October 29, 2015.

During this limited opportunity your options are:

1. Elect to receive a single lump sum payment of $XXX,XXX in December 2015

2. Elect to start monthly benefit payments as early as December 2015 (the amount depends on the form of payment you elect)

3. Wait until later to begin receiving your pension (available upon request at any time after your early or normal retirement date)



LLNS has set up a phone hotline which provides some limited information, but they are not fully transparent about how they compute the lump sum. Based on my own calculations, with a single annuity, I would need a return on investment of 5.6% to break even, assuming COLA of 1.76% and I die at age 90.
October 28, 2015 at 9:54 AM
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Anonymous Anonymous said...
Would your retirement medical benefit go away like the old lump sum UC/LLNL option?
October 28, 2015 at 10:00 AM
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Anonymous Anonymous said...
I thought you are only eligible for retirement medical benefit if you retire within 30 days of last employment date. I thought when you take a job somewhere else, you walk away from that.
October 28, 2015 at 10:44 AM
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Students learn what teachers teach

I'm beginning to think that Liberalism is really brain damage,
that men actually believe this left wing garbage is amazing.

http://www.nationalreview.com/article/426129/poll-says-students-support-censoring-politically-incorrect-speech

LLNS Contract discussion

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